Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$51,184$51,184$134,100
Remaining term (yrs)15.415.430.0
Secondary amount$0$82,916$0
Funding fee$0$0$0
Note rate3.890%3.890%7.320%
Blended rate4.740%7.374%7.560%
1st payment$366.86$366.86$921.17
2nd payment$0.00$621.87$0.00
Taxes / mo$130.08$130.08$130.08
Insurance / mo$150.00$150.00$150.00
MI / mo$55.16$55.16$26.82
HOA / mo$0.00$0.00$0.00
Total monthly$702.10$1,323.98$1,228.08
Cash to close$97,816$14,900$14,900